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Albuquerque Public Schools, New Mexico, Question 3, Bond Issue (February 2019)
| Question 3: Albuquerque Public Schools Bond Issue |
|---|
|
| The basics |
| Election date: |
| February 5, 2019 |
| Status: |
 Defeated
|
| Topic: |
| Local school bonds |
| Related articles |
| Local school bonds on the ballot February 5, 2019 ballot measures in New Mexico Bernalillo County, New Mexico ballot measures |
| See also |
| Albuquerque Public Schools, New Mexico |
A school bond measure was on the ballot for Albuquerque Public Schools voters in Bernalillo County, New Mexico, on February 5, 2019. It was defeated.
| A yes vote was a vote in favor of authorizing Albuquerque Public Schools to issue up to $200 million in general obligation bonds at a tax rate of $1 per $1000 in property value. |
| A no vote was a vote against authorizing Albuquerque Public Schools to issue up to $200 million in general obligation bonds at a tax rate of $1 per $1000 in property value. |
This measure was one of three questions on the ballot for February 5, 2019.
Albuquerque Public Schools said, "Question 3 asks voters for permission to sell an additional $200 million in General Obligation Bonds. These bonds can be used solely for capital and equipment for the district and it does increase property taxes by $1 per $1,000 for repayment of the debt... The total increase for all three questions is $2 per $1,000, or 4.7% of your total tax rate."[1]
Election results
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Albuquerque Public Schools Question 3 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 42,287 | 42.51% | ||
|
|
57,178 | 57.49% | ||
Text of measure
Ballot question
The ballot question was as follows:[2]
| “ |
Shall the Albuquerque Municipal School District No. 12 be authorized to issue up to $200,000,000 of general obligation bonds for the purpose of (1) erecting, remodeling, making additions to and furnishing school buildings, (2)purchasing or improving school grounds, (3) purchasing computer software and hardware for student use in public schools, (4) providing matching funds for capital outlay projects funded pursuant to the Public School Capital Outlay Act, or (5) any combination of these purposes?[3] |
” |
Full text
The full text of the measure is available here.
Albuquerque Public Schools estimate of total tax increases
If all three questions had been approved, property taxes would have been increased by $2 per $1,000, or 4.7 percent of a person's total tax rate.[4]
APS featured the following chart on their website:[5]
Background
Local school bonds
School bonds are commonly seen by voters on the ballot as many localities require voter approval for their issuance. A school bond election is a bond issue used by a public school district, typically to finance a building project or other capital project. These measures are placed on the ballot by district school boards to be approved or defeated by the voting public.
Path to the ballot
This measure was put on the ballot through a vote of the Albuquerque Public Schools Board of Education.
See also
External links
Footnotes
- ↑ Albuquerque Public Schools, "Understanding the ballot questions," accessed January 24, 2019
- ↑ Bernalillo County, New Mexico, "Official Mail Ballot: Special School District Election," accessed January 14, 2019
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Albuquerque Public Schools, "Understanding the ballot questions," accessed January 24, 2019
- ↑ Albuquerque Public Schools, "2019 Mail-In Election," accessed January 24, 2019
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